The Pronk Pops Show 562, October 27, 2015, Story 1: None on The Presidential Candidates Are In America’s Wheelhouse — Kicking The Can Down The Road To Serfdom — Creeping, Corrupt, and Crippling Socialism — Videos

Posted on October 27, 2015. Filed under: 2016 Presidential Campaign, 2016 Presidential Candidates, American History, Ben Carson, Blogroll, Books, Breaking News, Budgetary Policy, Business, College, Communications, Corruption, Disasters, Economics, Education, Employment, European History, Federal Government, Fiscal Policy, Free Trade, Government, Government Spending, Health Care, Health Care Insurance, Hillary Clinton, History, Illegal Immigration, Immigration, Independence, Insurance, Investments, IRS, Labor Economics, Language, Law, Legal Immigration, Monetary Policy, Neutron Bomb, News, Obama, Philosophy, Photos, Politics, Progressives, Radio, Raymond Thomas Pronk, Scandals, Social Security, Tax Policy, Taxation, Taxes, Terror, Terrorism, Unemployment, Videos, Violence, Wall Street Journal, Wealth, Wisdom | Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , |

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The Pronk Pops Show Podcasts

Pronk Pops Show 562: October 27, 2015 

Pronk Pops Show 561: October 26, 2015 

Pronk Pops Show 560: October 23, 2015

Pronk Pops Show 559: October 22, 2015 

Pronk Pops Show 558: October 21, 2015

Pronk Pops Show 557: October 20, 2015 

Pronk Pops Show 556: October 19, 2015

Pronk Pops Show 555: October 16, 2015

Pronk Pops Show 554: October 15, 2015 

Pronk Pops Show 553: October 14, 2015

Pronk Pops Show 552: October 13, 2015 

Pronk Pops Show 551: October 12, 2015 

Pronk Pops Show 550: October 9, 2015 

Pronk Pops Show 549: October 8, 2015 

Pronk Pops Show 548: October 7, 2015 

Pronk Pops Show 547: October 5, 2015

Pronk Pops Show 546: October 2, 2015 

Pronk Pops Show 545: October 1, 2015 

Pronk Pops Show 544: September 30, 2015 

Pronk Pops Show 543: September 29, 2015 

Pronk Pops Show 542: September 28, 2015 

Pronk Pops Show 541: September 25, 2015 

Pronk Pops Show 540: September 24, 2015 

Pronk Pops Show 539: September 23, 2015 

Pronk Pops Show 538: September 22, 2015 

Pronk Pops Show 537: September 21, 2015 

Pronk Pops Show 536: September 18, 2015 

Pronk Pops Show 535: September 17, 2015 

Pronk Pops Show 534: September 16, 2015 

Pronk Pops Show 533: September 15, 2015  

Pronk Pops Show 532: September 14, 2015 

Pronk Pops Show 531: September 11, 2015

Pronk Pops Show 530: September 10, 2015 

Pronk Pops Show 529: September 9, 2015 

Pronk Pops Show 528: September 8, 2015 

Pronk Pops Show 527: September 4, 2015 

Pronk Pops Show 526: September 3, 2015  

Pronk Pops Show 525: September 2, 2015 

Pronk Pops Show 524: August 31, 2015  

Pronk Pops Show 523: August 27, 2015  

Pronk Pops Show 522: August 26, 2015 

Pronk Pops Show 521: August 25, 2015 

Pronk Pops Show 520: August 24, 2015 

Pronk Pops Show 519: August 21, 2015 

Pronk Pops Show 518: August 20, 2015  

Pronk Pops Show 517: August 19, 2015 

Pronk Pops Show 516: August 18, 2015

Pronk Pops Show 515: August 17, 2015

Pronk Pops Show 514: August 14, 2015

Pronk Pops Show 513: August 13, 2015

Pronk Pops Show 512: August 12, 2015

Pronk Pops Show 511: August 11, 2015

Pronk Pops Show 510: August 10, 2015

Pronk Pops Show 509: July 24, 2015

Pronk Pops Show 508: July 20, 2015

Pronk Pops Show 507: July 17, 2015

Pronk Pops Show 506: July 16, 2015

Pronk Pops Show 505: July 15, 2015

Pronk Pops Show 504: July 14, 2015

Pronk Pops Show 503: July 13, 2015

Pronk Pops Show 502: July 10, 2015

Pronk Pops Show 501: July 9, 2015

Pronk Pops Show 500: July 8, 2015

Pronk Pops Show 499: July 6, 2015

Pronk Pops Show 498: July 2, 2015

Pronk Pops Show 497: July 1, 2015

Story 1: None on The Presidential Candidates Are In America’s Wheelhouse — Kicking The Can Down The Road To Serfdom — Creeping, Corrupt, and Crippling Socialism — Videos
wheelhouse

noun, plural wheelhouses

[hweel-hou-ziz, weel-] (Show IPA)

Idioms

2.

in one’s wheelhouse,

  1. Baseball. (of a pitch) within the zone that is most advantageous fora batter to hit a home run.
  2. within one’s area of expertise or interest:
    There are some subjects that are in your wheelhouse and some that are not.

3.        in the same wheelhouse, very similar and usually in the samecategory:

The two folk singers are in the same wheelhouse.
boehner Cartoon_Debt_Ceiling_25 debt ceiling and spending debt ceiling  us_debt_ceiling_cartoon

U.S. Debt Clock

http://www.usdebtclock.org/

Debt-Ceiling-Cartoon debt-ceiling

U.S.-Debt-Ceiling10 year notes yield800px-Federal_Debt_Held_by_the_Public_1790-2013
who_does_the_us_government_owe_money_to,_dec_14,_pie_chart_large
debt-raising_the_debt_ceilingcountries holding us debtgovernment debt 2015 vs 20070185_dual_crowdout-full

SR-budget-book-2015-chart-5-160004102014_medicare_explainer_chart1-crop

Understanding the National Debt and Budget Deficit

The United States Debt Limit Explained – (CR) Heritage Foundation

The New Road to Serfdom

Daniel Hannan’s new book, The New Road to Serftdom: A Letter of Warning to America, urges Americans not to take such things as federalism, the rule of law and limited government for granted.

He believes the United States could find itself lurching toward European-style socialism even more quickly. He spoke at the Cato Institute September 29, 2010.

House GOP leaders reach budget deal with Obama White House

Donald Trump & Ben Carson Watch Democratic Debate

Donald Trump (Jimmy Fallon) and Dr. Ben Carson (David Alan Grier) have a phone conversation while watching the first Democratic debate.

In someone’s wheelhouse Meaning

Wheelhouse Meaning

Donald Trump: Negotiating Is Not In Ben Carson’s “Wheelhouse” – Ben Carson On Cavuto

Carson leads national poll at 26 percent

Melvin Goodman: Part 2

Book TV: Melvin Goodman,”National Insecurity: The Cost of American Militarism

Budget deal divides Hill Republicans

Paul Ryan: Hiding Spending Doesn’t Reduce Spending

“I will not sign a plan that adds one dime to our deficits — either now or in the future.”
(Remarks by President Obama to a Joint Session of Congress, September 9, 2009)

This afternoon Budget Committee Ranking Member Ryan walked through why the bill put forward by Democrats FAILS the President’s deficit test.

The Majority Leader said the bill scores as reducing deficit by $131 billion over the next 10 years.

First a little bit about CBO: I work with them every single day; very good people; great professionals. They do their jobs well. But their job is to score what is placed in front of them. And what has been placed in front of them is a bill that is fill of gimmicks and smoke and mirrors.

Now what do I mean when I say that?

First off, the bill has ten years of tax increases and ten years of Medicare cuts to pay for six years of spending. The true ten year cost when subsidies kick-in? $2.3 trillion.

The bill is full of gimmicks that more than erase the false claim of deficit reduction:

– $52 billion of savings is claimed by counting increased Social Security payroll revenues. These dollars are already claimed for future Social Security beneficiaries, and claiming to offset the cost of this bill either means were double-counting or were not going to pay Social Security benefits.

– $72 billion in savings is claimed from the CLASS Act long-term care insurance. These so-called savings are not offsets, but rather premiums collected to pay for future benefits. Senate Budget Committee Chairman Kent Conrad has called these savings, A ponzi scheme that would make Bernie Madoff proud.

Additionally, the nearly half-trillion dollars in Medicare cuts cannot be counted twice. Medicare is in dire need of reform in order to make certain that we can ensure health security for future seniors.

Using Medicare as a piggy bank, it raids a half trillion dollars from retirees health coverage to fund the creation of another open-ended health care entitlement.

The Presidents chief Medicare actuary says up to 20% of Medicare providers may go bankrupt or stop taking Medicare beneficiaries as a result. Millions of seniors who have chosen Medicare Advantage will lose the coverage they now enjoy.

Objections to the policy aside, you cannot use these savings twice to both extend the life of Medicare and to pay for other spending. The half-trillion dollars in Medicare cuts are either to extend the programs solvency or to reduce the cost of this deficit but not both as its authors claim.

When you strip away the double-counting of Medicare cuts, the so-called savings from Social Security payroll taxes and the CLASS Act, the deficit increases by $460 billion over first ten years and $1.4 trillion over second ten years.

Finally, one of the most expensive and most cynical of the gimmicks applies to Medicare physician payments, the so-called Doc Fix.

By your own estimate, the Doc Fix adds an additional $371 billion to the cost of health care reform. With the price tag beyond what most Americans could handle, the Majority decided to simply remove this costly provision and deal with it in a stand-alone bill.

Ignoring this additional cost does not remove it from the backs of taxpayers. Hiding spending doesnt reduce spending

Rep. Ryan: ‘Do Nothing, Punt, Duck, Kick the Can Down the Road’ Causing A ‘Debt Crisis’

Milton Friedman on Hayek’s “Road to Serfdom” 1994 Interview 1 of 2

The Road to Serfdom

Friedrich Hayek: Why Intellectuals Drift Towards Socialism

Hayek on The Road to Serfdom

Friedrich von Hayek and Axel Leijonhufvud – Nov 1978

F. A. Hayek on Social Evolution and the Origins of Tradition

The Road to Serfdom

The Road to Serfdom is a book written by the Austrian-born economist and philosopher Friedrich von Hayek (1899–1992) between 1940–1943, in which he “warned of the danger of tyranny that inevitably results from government control of economic decision-making through central planning

Exclusive: John Boehner says it’s time for him to ‘move on’

Hank Karr sings Paddlewheeler

Paul Ryan on Obama-Boehner Budget Deal: ‘This Is Not the Way to Do the People’s Business’

Rep. Paul Ryan, the leading candidate to become the next House speaker, today criticized the massive budget deal negotiated by President Barack Obama and Speaker John Boehner.

“This is not the way to do the people’s business,” said Ryan, according toPolitico. “And under new management we are not going to do the people’s business this way. We are up against a deadline—that’s unfortunate. But going forward we can’t do the people’s business. As a conference we should’ve been meeting months ago to discuss these things to have a unified strategy going forward.”

As Republican lawmakers met Monday to learn details of the budget plan, Ryan reportedly didn’t speak a word at the meeting. Politico reported Ryan had not reviewed the contents of the deal as of Tuesday morning.

With a vote on the deal expected as early as Wednesday, conservatives turned their attention to the top candidate for speaker. Ryan will face an internal Republican conference vote Wednesday, then a public floor vote Thursday.

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“Heritage Action and the Club for Growth call on Chairman Paul Ryan, R-Wis., Majority Leader Kevin McCarthy, R-Calif., and Majority Whip Steve Scalise, R-La., to stop this zombie budget deal,” said Club for Growth President David McIntosh and Heritage Action chief executive Mike Needham in a statement.

Ryan’s criticism of the process Boehner used to negotiate the deal reflects similar sentiments from House Freedom Caucus members.

“We’re not just here to take commands,” Rep. Justin Amash, R-Mich., told CNN. “People back home expect us to participate in the process.”

“We would want [Ryan] to change the process, to make it more transparent, to let the committees do their work early, and to make sure that all members have the opportunity to weigh in early rather than find out when it’s too late,” Rep. John Fleming, R-La., told Roll Call.

The Obama-Boehner deal would increase the $18.1 trillion debt limit by at least $1.5 trillion and add $80 billion in spending above the budget caps agreed to in 2011.

http://dailysignal.com/2015/10/27/paul-ryan-on-obama-boehner-budget-deal-this-is-not-the-way-to-do-the-peoples-business/

House GOP Leaders Reach Budget Deal With Obama White House

Republicans Throw A Tantrum After Boehner Gives Obama Everything He Wants In Budget Deal

Senate and House Republicans are throwing a fit and claiming that Speaker of the House John Boehner gave President Obama everything he wanted in the new two-year budget deal.

Politico talked to some very unhappy Republicans:

Asked about the tentative agreement after the briefing, Alabama Sen. Jeff Sessions replied: “My knees quiver at the sound.” In an interview, Sessions expressed frustration that outgoing Speaker John Boehner was hammering out the deal just days before he plans to give up the gavel for good. “What does Boehner got to do with it?” said an exasperated Sessions, the former top Republican on the Senate Budget Committee. “I’m worried about how fast it’s moving. I see no reason for that. Based on what I know now, it appears the president got whatever he wanted.”

….

Senate Majority Whip John Cornyn of Texas dryly acknowledged: “I don’t think you’ll hear anybody popping any champagne corks.”

The discontent over the preliminary fiscal agreement also extended to the House on Monday night, where Rep. Justin Amash (R-Mich.) focused his ire over how leadership was handling the budget process. “We’re not just here to take commands. We’re really tired of the top-down, micromanagement where you have just a few people, or in this case just the speaker and his team, determining the outcome,” Amash said. “This is a fair reason to vote against the bill.”

The real reason Republicans are unhappy is because this deal would take away their ability to hold the country hostage by creating a crisis over the budget and the debt ceiling for two years.

The far right will be neutered.

This deal is not perfect, but Democrats can check many more boxes off of their side of the wish list than Republicans can. In fact, the main selling point for Republicans will be the lifting of the sequester cuts and a repeal of a small piece of the ACA.

Compared to what the Democrats got in return, no more sequester, more spending, no increase in Medicare premiums, and no 20% cut to the Social Security Disability Insurance Program, Republicans got next to nothing.

President Obama has finally done it. He has broken the cycle of Republican crisis politics. There will be no more calls for government shutdowns, or Republicans pushing the economy to the brink of catastrophe by refusing to raise the debt limit.

Obama won, and Republicans can do nothing but blame Boehner and grumble in defeat.

http://www.politicususa.com/2015/10/26/republicans-throw-tantrum-boehner-obama-budget-deal.html

The Pronk Pops Show Podcasts Portfolio

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The Pronk Pops Show 544, September 30, 2015: Story 1: Breaking News — Part 3 of 3, Trump’s Timid Tax Tweak — Does Not Abolish Income Taxes or IRS and Does Not Abolish Regressive Payroll Taxes For Social Security and Medicare — Trump Wrong on Economic Incentives — Could Have Been A Contender — Carson (Flat Tax), Cruz (Flat Tax) , Paul (Flat Tax), and Huckabee (FairTax) — All Have Better Tax Plans — Trump Is Just Another Progressive Country Club “Rockefeller” Republican — Dump Trump! — Fair Tax Less Is The Answer To Making America Great Again — Videos

Posted on September 30, 2015. Filed under: 2016 Presidential Campaign, 2016 Presidential Candidates, American History, Banking System, Ben Carson, Blogroll, Breaking News, Budgetary Policy, Communications, Constitutional Law, Economics, Education, Employment, Fiscal Policy, Foreign Policy, Government, History, Independence, Labor Economics, Law, Media, News, Philosophy, Politics, Polls, Progressives, Radio, Rand Paul, Raymond Thomas Pronk, Success, Tax Policy, Taxation, Taxes, Ted Cruz, Videos, Violence, Wall Street Journal, Wealth, Wisdom | Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , |

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The Pronk Pops Show Podcasts

Pronk Pops Show 544: September 30, 2015 

Pronk Pops Show 543: September 29, 2015 

Pronk Pops Show 542: September 28, 2015 

Pronk Pops Show 541: September 25, 2015 

Pronk Pops Show 540: September 24, 2015 

Pronk Pops Show 539: September 23, 2015 

Pronk Pops Show 538: September 22, 2015 

Pronk Pops Show 537: September 21, 2015 

Pronk Pops Show 536: September 18, 2015 

Pronk Pops Show 535: September 17, 2015 

Pronk Pops Show 534: September 16, 2015 

Pronk Pops Show 533: September 15, 2015  

Pronk Pops Show 532: September 14, 2015 

Pronk Pops Show 531: September 11, 2015

Pronk Pops Show 530: September 10, 2015 

Pronk Pops Show 529: September 9, 2015 

Pronk Pops Show 528: September 8, 2015 

Pronk Pops Show 527: September 4, 2015 

Pronk Pops Show 526: September 3, 2015  

Pronk Pops Show 525: September 2, 2015 

Pronk Pops Show 524: August 31, 2015  

Pronk Pops Show 523: August 27, 2015  

Pronk Pops Show 522: August 26, 2015 

Pronk Pops Show 521: August 25, 2015 

Pronk Pops Show 520: August 24, 2015 

Pronk Pops Show 519: August 21, 2015 

Pronk Pops Show 518: August 20, 2015  

Pronk Pops Show 517: August 19, 2015 

Pronk Pops Show 516: August 18, 2015

Pronk Pops Show 515: August 17, 2015

Pronk Pops Show 514: August 14, 2015

Pronk Pops Show 513: August 13, 2015

Pronk Pops Show 512: August 12, 2015

Pronk Pops Show 511: August 11, 2015

Pronk Pops Show 510: August 10, 2015

Pronk Pops Show 509: July 24, 2015

Pronk Pops Show 508: July 20, 2015

Pronk Pops Show 507: July 17, 2015

Pronk Pops Show 506: July 16, 2015

Pronk Pops Show 505: July 15, 2015

Pronk Pops Show 504: July 14, 2015

Pronk Pops Show 503: July 13, 2015

Pronk Pops Show 502: July 10, 2015

Pronk Pops Show 501: July 9, 2015

Pronk Pops Show 500: July 8, 2015

Pronk Pops Show 499: July 6, 2015

Pronk Pops Show 498: July 2, 2015

Pronk Pops Show 497: July 1, 2015

Pronk Pops Show 496: June 30, 2015

Pronk Pops Show 495: June 29, 2015

Pronk Pops Show 494: June 26, 2015

Pronk Pops Show 493: June 25, 2015

Pronk Pops Show 492: June 24, 2015

Pronk Pops Show 491: June 23, 2015

Pronk Pops Show 490: June 22, 2015

Pronk Pops Show 489: June 19, 2015

Pronk Pops Show 488: June 18, 2015

Pronk Pops Show 487: June 17, 2015

Pronk Pops Show 486; June 16, 2015

Pronk Pops Show 485: June 15, 2015

Pronk Pops Show 484: June 12, 2015

Pronk Pops Show 483: June 11, 2015

Pronk Pops Show 482; June 10, 2015

Pronk Pops Show 481: June 9, 2015

Pronk Pops Show 480: June 8, 2015

Pronk Pops Show 479: June 5, 2015

Pronk Pops Show 478: June 4, 2015

Pronk Pops Show 477: June 3, 2015

Pronk Pops Show 476: June 2, 2015

Pronk Pops Show 475: June 1, 2015

Story 1: Breaking News — Part 3 of 3,  Trump’s Timid Tax Tweak — Does Not Abolish Income Taxes or IRS and Does Not Abolish Regressive Payroll Taxes For Social Security and Medicare — Trump Wrong on Economic Incentives — Could Have Been A Contender — Carson (Flat Tax), Cruz (Flat Tax) , Paul (Flat Tax), and Huckabee (FairTax) — All Have Better Tax Plans  — Trump Is Just Another Progressive Country Club “Rockefeller” Republican — Dump Trump! — Fair Tax Less Is  The Answer To Making America Great Again —  Videos

Rothbard

Acceptance Speech as the 1964 Republican Presidential candidate

“I would remind you that extremism in the defense of liberty is no vice!

And let me remind you also that moderation in the pursuit of justice is no virtue!”

~Senator Barry Goldwater 

Election 2016 Presidential Polls

Wednesday, September 30
Race/Topic   (Click to Sort) Poll Results Spread
2016 Republican Presidential Nomination USAT/Suffolk Trump 23, Carson 13, Fiorina 13, Rubio 9, Bush 8, Cruz 6, Kasich 2, Huckabee 2, Christie 1, Paul 2, Jindal 1, Santorum 0, Walker, Pataki 0, Graham 1 Trump +10
Michigan Democratic Presidential Primary FOX 2 Detroit/Mitchell Clinton 35, Biden 28, Sanders 22, Chafee, O’Malley, Webb Clinton +7
Michigan: Trump vs. Clinton FOX 2 Detroit/Mitchell Clinton 42, Trump 42 Tie
Michigan: Bush vs. Clinton FOX 2 Detroit/Mitchell Clinton 42, Bush 37 Clinton +5
Michigan: Rubio vs. Clinton FOX 2 Detroit/Mitchell Clinton 40, Rubio 43 Rubio +3
Tuesday, September 29
Race/Topic   (Click to Sort) Poll Results Spread
Georgia Republican Presidential Primary WSB/Landmark Trump 31, Carson 18, Bush 8, Fiorina 13, Cruz 8, Rubio 9, Huckabee 4, Kasich 2, Paul 1, Christie, Jindal, Graham, Walker, Perry Trump +13
North Carolina Republican Presidential Primary PPP (D) Trump 26, Carson 21, Fiorina 12, Rubio 10, Cruz 9, Bush 5, Huckabee 6, Kasich 4, Christie 2, Santorum 1, Paul 0, Jindal 1, Graham 0, Walker, Perry Trump +5
North Carolina Democratic Presidential Primary PPP (D) Clinton 37, Biden 30, Sanders 17, Webb 3, Chafee 2, O’Malley 1, Lessig 0 Clinton +7
North Carolina: Trump vs. Clinton PPP (D) Clinton 42, Trump 47 Trump +5
North Carolina: Bush vs. Clinton PPP (D) Bush 46, Clinton 41 Bush +5
North Carolina: Fiorina vs. Clinton PPP (D) Fiorina 48, Clinton 41 Fiorina +7
North Carolina: Carson vs. Clinton PPP (D) Carson 51, Clinton 41 Carson +10
North Carolina: Rubio vs. Clinton PPP (D) Rubio 50, Clinton 40 Rubio +10

Taxation by the State defined

Two of Ten planks of Karl Marx’s

Communist Manifesto

ARE Americans practicing Communism?

2. A heavy progressive or graduated income tax.

Americans know this as misapplication of the 16th Amendment of the U.S. Constitution, 1913, The Social Security Act of 1936.; Joint House Resolution 192 of 1933; and various State “income” taxes. We call it “paying your fair share”.

3. Abolition of all rights of inheritance.

Americans call it Federal & State estate Tax (1916); or reformed Probate Laws, and limited inheritance via arbitrary inheritance tax statutes.

http://www.libertyzone.com/Communist-Manifesto-Planks.html

income-tax-receiptsHighest-Marginal-Tax-Rates-1913-2013

ind_corp_taxesfederal-tax-revenue-by-sourceU.S._Federal_Receipts_-_FY_2014

2015 United States Income Tax Brackets

normal_tax_brackets

2015-Tax-Bracket-Table2015_Tax_Bracket_Chart.2

2015-Federal-Tax-Rates

Trump’s Tax Plan

Donald-Trump-Tax-Reform-Proposal-Individual-Income-Tax

FairTax and Fair Tax Less

fair taxFairTax Flag 32jpg

fairtax

Bill O’Reilly Interviews Donald Trump Regarding Tax Plan 1st Interview Since Trump’s Fox News Boycot

MARK LEVIN – Donald Trump Tax Plan Could Have Been Proposed by REAGAN

Grover Norquist breaks down Trump’s tax plan

FULL SPEECH: Trump unveils tax plan that would lower taxes for millions (1 of 2)

FULL SPEECH: Trump unveils tax plan that would lower taxes for millions (2 of 2)

BILL KRISTOL SAYS TRUMP’S TAX PLAN IS A STANDARD CONSERVATIVE PLAN, CALLS HIM A SMART POLITICIAN!

Donald Trump Destroys Critics with his Tax Plan

Donald Trump News Conference on Tax Policy. Trump Unveils Tax Plan

Is Donald Trump’s tax plan realistic?

Trump defends new tax plan

The pros and cons of Donald Trump’s tax plan

Trump uses tax plan to push back on criticisms

Donald Trump opens up about his tax plan

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FAIRTAX AD

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Why is the FairTax better than a flat income tax?

Why is the FairTax better than other tax reform efforts?

How does the FairTax rate compare to today’s?

Is the FairTax rate really 23%?

Is consumption a reliable source of revenue?

How will used goods be taxed?

How does the “prebate” work?

Is it fair for rich people to get the same prebate as poor people?

Is the FairTax truly progressive?

How does the FairTax affect the economy?

What will the transition be like from the income tax to the FairTax?

Does the FairTax repeal the federal income tax?

How is the FairTax collected?

Isn’t it a stretch to say the IRS will go away?

Is education taxed under the FairTax?

How does the FairTax impact the middle class?

How will the FairTax impact seniors?

What will happen to government programs like Social Security and Medicare?

How will Social Security payments be calculated under the FairTax?

Will the FairTax impact tax deferred retirement accounts like 401(k)s?

Will the FairTax hurt home ownership with no mortgage interest deduction?

How does the FairTax affect compliance costs?

How does the FairTax impact retailers?

Will the FairTax tax services?

Can I pretend to be a business to avoid the sales tax?

Do corporations get a windfall break from the FairTax?

Will the FairTax lead to a massive underground economy?

How does the FairTax affect illegal immigration?

How is the FairTax different from a Value Added Tax (VAT)?

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http://www.usdebtclock.org/

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murray rothbard 2

TAX REFORM THAT WILL MAKE AMERICA GREAT AGAIN

The Goals Of Donald J. Trump’s Tax Plan

Too few Americans are working, too many jobs have been shipped overseas, and too many middle class families cannot make ends meet. This tax plan directly meets these challenges with four simple goals:

  1. Tax relief for middle class Americans: In order to achieve the American dream, let people keep more money in their pockets and increase after-tax wages.
  2. Simplify the tax code to reduce the headaches Americans face in preparing their taxes and let everyone keep more of their money.
  3. Grow the American economy by discouraging corporate inversions, adding a huge number of new jobs, and making America globally competitive again.
  4. Doesn’t add to our debt and deficit, which are already too large.

The Trump Tax Plan Achieves These Goals

  1. If you are single and earn less than $25,000, or married and jointly earn less than $50,000, you will not owe any income tax. That removes nearly 75 million households – over 50% – from the income tax rolls. They get a new one page form to send the IRS saying, “I win,” those who would otherwise owe income taxes will save an average of nearly $1,000 each.
  2. All other Americans will get a simpler tax code with four brackets – 0%, 10%, 20% and 25% – instead of the current seven. This new tax code eliminates the marriage penalty and the Alternative Minimum Tax (AMT) while providing the lowest tax rate since before World War II.
  3. No business of any size, from a Fortune 500 to a mom and pop shop to a freelancer living job to job, will pay more than 15% of their business income in taxes. This lower rate makes corporate inversions unnecessary by making America’s tax rate one of the best in the world.
  4. No family will have to pay the death tax. You earned and saved that money for your family, not the government. You paid taxes on it when you earned it.

The Trump Tax Plan Is Revenue Neutral

The Trump tax cuts are fully paid for by:

  1. Reducing or eliminating most deductions and loopholes available to the very rich.
  2. A one-time deemed repatriation of corporate cash held overseas at a significantly discounted 10% tax rate, followed by an end to the deferral of taxes on corporate income earned abroad.
  3. Reducing or eliminating corporate loopholes that cater to special interests, as well as deductions made unnecessary or redundant by the new lower tax rate on corporations and business income. We will also phase in a reasonable cap on the deductibility of business interest expenses.

DETAILS OF DONALD J. TRUMP’S TAX PLAN

America needs a bold, simple and achievable plan based on conservative economic principles. This plan does that with needed tax relief for all Americans, especially the working poor and middle class, pro-growth tax reform for all sizes of businesses, and fiscally responsible steps to ensure this plan does not add to our enormous debt and deficit.

This plan simplifies the tax code by taking nearly 50% of current filers off the income tax rolls entirely and reducing the number of tax brackets from seven to four for everyone else. This plan also reduces or eliminates loopholes used by the very rich and special interests made unnecessary or redundant by the new lower tax rates on individuals and companies.

The Trump Tax Plan: A Simpler Tax Code For All Americans

When the income tax was first introduced, just one percent of Americans had to pay it. It was never intended as a tax most Americans would pay. The Trump plan eliminates the income tax for over 73 million households. 42 million households that currently file complex forms to determine they don’t owe any income taxes will now file a one page form saving them time, stress, uncertainty and an average of $110 in preparation costs. Over 31 million households get the same simplification and keep on average nearly $1,000 of their hard-earned money.

For those Americans who will still pay the income tax, the tax rates will go from the current seven brackets to four simpler, fairer brackets that eliminate the marriage penalty and the AMT while providing the lowest tax rate since before World War II:

Income Tax Rate Long Term Cap Gains/ Dividends Rate Single Filers Married Filers Heads of Household
0% 0% $0 to $25,000 $0 to $50,000 $0 to $37,500
10% 0% $25,001 to $50,000 $50,001 to $100,000 $37,501 to $75,000
20% 15% $50,001 to $150,000 $100,001 to $300,000 $75,001 to $225,000
25% 20% $150,001 and up $300,001 and up $225,001 and up

With this huge reduction in rates, many of the current exemptions and deductions will become unnecessary or redundant. Those within the 10% bracket will keep all or most of their current deductions. Those within the 20% bracket will keep more than half of their current deductions. Those within the 25% bracket will keep fewer deductions. Charitable giving and mortgage interest deductions will remain unchanged for all taxpayers.

Simplifying the tax code and cutting every American’s taxes will boost consumer spending, encourage savings and investment, and maximize economic growth.

Business Tax Reform To Encourage Jobs And Spur Economic Growth

Too many companies – from great American brands to innovative startups – are leaving America, either directly or through corporate inversions. The Democrats want to outlaw inversions, but that will never work. Companies leaving is not the disease, it is the symptom. Politicians in Washington have let America fall from the best corporate tax rate in the industrialized world in the 1980’s (thanks to Ronald Reagan) to the worst rate in the industrialized world. That is unacceptable. Under the Trump plan, America will compete with the world and win by cutting the corporate tax rate to 15%, taking our rate from one of the worst to one of the best.

This lower tax rate cannot be for big business alone; it needs to help the small businesses that are the true engine of our economy. Right now, freelancers, sole proprietors, unincorporated small businesses and pass-through entities are taxed at the high personal income tax rates. This treatment stifles small businesses. It also stifles tax reform because efforts to reduce loopholes and deductions available to the very rich and special interests end up hitting small businesses and job creators as well. The Trump plan addresses this challenge head on with a new business income tax rate within the personal income tax code that matches the 15% corporate tax rate to help these businesses, entrepreneurs and freelancers grow and prosper.

These lower rates will provide a tremendous stimulus for the economy – significant GDP growth, a huge number of new jobs and an increase in after-tax wages for workers.

The Trump Tax Plan Ends The Unfair Death Tax

The death tax punishes families for achieving the American dream. Therefore, the Trump plan eliminates the death tax.

The Trump Tax Plan Is Fiscally Responsible

The Trump tax cuts are fully paid for by:

  1. Reducing or eliminating deductions and loopholes available to the very rich, starting by steepening the curve of the Personal Exemption Phaseout and the Pease Limitation on itemized deductions. The Trump plan also phases out the tax exemption on life insurance interest for high-income earners, ends the current tax treatment of carried interest for speculative partnerships that do not grow businesses or create jobs and are not risking their own capital, and reduces or eliminates other loopholes for the very rich and special interests. These reductions and eliminations will not harm the economy or hurt the middle class. Because the Trump plan introduces a new business income rate within the personal income tax code, they will not harm small businesses either.
  2. A one-time deemed repatriation of corporate cash held overseas at a significantly discounted 10% tax rate. Since we are making America’s corporate tax rate globally competitive, it is only fair that corporations help make that move fiscally responsible. U.S.-owned corporations have as much as $2.5 trillion in cash sitting overseas. Some companies have been leaving cash overseas as a tax maneuver. Under this plan, they can bring their cash home and put it to work in America while benefitting from the newly-lowered corporate tax rate that is globally competitive and no longer requires parking cash overseas. Other companies have cash overseas for specific business units or activities. They can leave that cash overseas, but they will still have to pay the one-time repatriation fee.
  3. An end to the deferral of taxes on corporate income earned abroad. Corporations will no longer be allowed to defer taxes on income earned abroad, but the foreign tax credit will remain in place because no company should face double taxation.
  4. Reducing or eliminating some corporate loopholes that cater to special interests, as well as deductions made unnecessary or redundant by the new lower tax rate on corporations and business income. We will also phase in a reasonable cap on the deductibility of business interest expenses.

https://www.donaldjtrump.com/positions/tax-reform

Trump Plan Cuts Taxes for Millions

Middle class, businesses get break, but overseas profits would face a one-time 10% levy

By MONICA LANGLEY And JOHN D. MCKINNON

Republican presidential candidate Donald Trump unveiled an ambitious tax plan Monday that he says would eliminate income taxes for millions of households, lower the tax rate on all businesses to 15% and change tax treatment of companies’ overseas earnings.

Under the Trump plan, no federal income tax would be levied against individuals earning less than $25,000 and married couples earning less than $50,000. The Trump campaign estimates that would reduce taxes to zero for 31 million households that currently pay at least some income tax. The highest individual income-tax rate would be 25%, compared with the current 39.6% rate.

Many middle-income households would have a lower tax rate under Mr. Trump’s proposal, but because high-income households generally pay income tax at much higher rates, his proposed across-the-board rate cut could have a positive impact on them, too. For example, an analysis of Jeb Bush’s plan—taxing individuals’ incomes at no more than 28%—by the business-backed Tax Foundation found that the biggest percentage winners in after-tax income would be the top 1% of earners.

Mr. Trump’s plan appears designed to help him, as the GOP front-runner, cement his standing as a populist—though that message is complicated by the fact that the billionaire, like other Republican leaders, would eliminate the estate tax.

“My plan will bring sanity, common sense and simplification to our country’s catastrophic tax code,” Mr. Trump said in an interview. “It will create jobs and incentives of all kinds while simultaneously growing the economy.”

But Mr. Trump will face a challenge in convincing skeptics that his aggressive tax cuts can be implemented without adding to the federal deficit.

To pay for the proposed tax benefits, the Trump plan would eliminate or reduce deductions and loopholes to high-income taxpayers, and would curb some deductions and other breaks for middle-class taxpayers by capping the level of individual deductions, a politically dicey proposition. Mr. Trump also would end the “carried interest” tax break, which allows many investment-fund managers to pay lower taxes on much of their compensation.

A significant revenue gain would come from a one-time tax on overseas profits that could encourage U.S. multinational corporations to return an estimated $2.1 trillion in cash now sitting offshore, largely to avoid U.S. taxes. His proposal would impose a mandatory 10% tax on all of that money, even if the money stays overseas, but allow a few years for the tax to be paid. The Trump campaign estimates that many companies would choose to bring their money back home, boosting jobs and investment in the U.S.

Mr. Trump also would impose an immediate tax on overseas earnings of American corporations; currently, such tax payments can be deferred. All told, the campaign says the plan would be revenue neutral—neither raising nor lowering federal revenues—by the third year and then begin adding revenue.

With the tax plan’s release, Mr. Trump is moving to quell criticism that his campaign has been more style and less substance. This tax proposal follows his well-known immigration plan in the summer and one on gun rights last week.

Mr. Trump saves some money and fiscal headaches by skipping some of the big but complicated and costly changes that other candidates have embraced, such as business-expensing breaks and so-called territorial taxation for multinational corporations.

On the individual side, Mr. Trump would consolidate the current seven rates to four, of 0%, 10%, 20% and 25%. Those changes alone would exempt all married couples making $50,000 or less from the income tax, as well as singles making $25,000 or less.

The 10% bracket would apply to incomes from $50,000 to $100,000 for a married couple; the current 10% bracket has a ceiling of $18,450. The new 25% top bracket would apply to married couples’ incomes in excess of $300,000, which currently are subject to rates as high as 39.6%. Mr. Trump also would cut the top capital gains rate to 20%, from the current 23.8%. And he would eliminate the alternative minimum tax.

But the candidate doesn’t propose to end taxation of individuals’ investment income, as some other Republicans propose, nor would he expand the standard deduction, child-credit and other middle-class breaks as some other GOP candidates have suggested.

For businesses, Mr. Trump’s 15% rate is among the lowest that have been proposed so far. Rand Paul has proposed a 14.5% flat-tax rate for all types of income. Marco Rubio, another candidate with a detailed plan, would tax all business income at no more than 25%. Mr. Bush has proposed a 20% top corporate rate. The current top corporate tax rate is 35%, and small business income is subject to rates of as much as 39.6% (although many small businesses pay out a lot of their profits as lower-taxed dividends or capital gains). The campaign argues the rate would be among the lowest among industrialized nations, giving U.S. companies an edge to compete.

The lower corporate rates would provide “a tremendous stimulus for the economy,” the campaign’s plan argues. Mr. Trump would not, however, allow businesses to expense all their new equipment purchases, as some other Republicans do.

The plan proposes to simplify tax filing for many lower- to middle-income households. The plan says that some 42 million households that currently file tax forms to establish that they don’t owe any federal income tax now will be able to file their returns on a single page.

The 31 million households that have been paying some taxes but now won’t have any tax liability can use the same single-page, and keep an average of $1,000 in tax savings, the Trump campaign says. Today, 36% of American households today pay no income taxes, and that number would grow to 50%.

The Trump plan would raise revenues in at least a couple of significant ways. It would limit the value of individual deductions, with middle-class households keeping all or most of their deductions, higher-income taxpayers keeping around half of theirs, and the very wealthy losing a significant chunk of theirs. It also would wipe out many corporate deductions.

All taxpayers would keep their current deductions for mortgage-interest on their homes and charitable giving.

The plan also proposes capping the amount of interest payments that businesses can deduct now, a change phased in over a long period, and would impose a corporate tax on future foreign earnings of American multinationals.

http://www.wsj.com/articles/trump-plan-cuts-taxes-for-millions-1443427200

ARE Americans practicing Communism?Read the 10 Planks of The Communist Manifesto to discover the truth and learn how to know your enemy…

Karl Marx describes in his communist manifesto, the ten steps necessary to destroy a free enterprise system and replace it with a system of omnipotent government power, so as to effect a communist socialist state. Those ten steps are known as the Ten Planks of The Communist Manifesto… The following brief presents the original ten planks within theCommunist Manifesto written by Karl Marx in 1848, along with the American adopted counterpart for each of the planks. From comparison it’s clear MOST Americans have by myths, fraud and deception under the color of law by their own politicians in both the Republican and Democratic and parties, been transformed into Communists.

Another thing to remember, Karl Marx in creating the Communist Manifesto designed these planks AS A TEST to determine whether a society has become communist or not. If they are all in effect and in force, then the people ARE practicing communists.

Communism, by any other name is still communism, and is VERY VERY destructive to the individual and to the society!!

The 10 PLANKS stated in the Communist Manifesto and some of their American counterparts are…

1. Abolition of private property and the application of all rents of land to public purposes.
Americans do these with actions such as the 14th Amendment of the U.S. Constitution (1868), and various zoning, school & property taxes. Also the Bureau of Land Management (Zoning laws are the first step to government property ownership)

2. A heavy progressive or graduated income tax.
Americans know this as misapplication of the 16th Amendment of the U.S. Constitution, 1913, The Social Security Act of 1936.; Joint House Resolution 192 of 1933; and various State “income” taxes. We call it “paying your fair share”.

3. Abolition of all rights of inheritance.
Americans call it Federal & State estate Tax (1916); or reformed Probate Laws, and limited inheritance via arbitrary inheritance tax statutes.

4. Confiscation of the property of all emigrants and rebels.
Americans call it government seizures, tax liens, Public “law” 99-570 (1986); Executive order 11490, sections 1205, 2002 which gives private land to the Department of Urban Development; the imprisonment of “terrorists” and those who speak out or write against the “government” (1997 Crime/Terrorist Bill); or the IRS confiscation of property without due process. Asset forfeiture laws are used by DEA, IRS, ATF etc…).

5. Centralization of credit in the hands of the state, by means of a national bank with State capital and an exclusive monopoly.
Americans call it the Federal Reserve which is a privately-owned credit/debt system allowed by the Federal Reserve act of 1913. All local banks are members of the Fed system, and are regulated by the Federal Deposit Insurance Corporation (FDIC) another privately-owned corporation. The Federal Reserve Banks issue Fiat Paper Money and practice economically destructive fractional reserve banking.

6. Centralization of the means of communications and transportation in the hands of the State.
Americans call it the Federal Communications Commission (FCC) and Department of Transportation (DOT) mandated through the ICC act of 1887, the Commissions Act of 1934, The Interstate Commerce Commission established in 1938, The Federal Aviation Administration, Federal Communications Commission, and Executive orders 11490, 10999, as well as State mandated driver’s licenses and Department of Transportation regulations.

7. Extension of factories and instruments of production owned by the state, the bringing into cultivation of waste lands, and the improvement of the soil generally in accordance with a common plan.
Americans call it corporate capacity, The Desert Entry Act and The Department of Agriculture… Thus read “controlled or subsidized” rather than “owned”… This is easily seen in these as well as the Department of Commerce and Labor, Department of Interior, the Environmental Protection Agency, Bureau of Land Management, Bureau of Reclamation, Bureau of Mines, National Park Service, and the IRS control of business through corporate regulations.

8. Equal liability of all to labor. Establishment of industrial armies, especially for agriculture.
Americans call it Minimum Wage and slave labor like dealing with our Most Favored Nation trade partner; i.e. Communist China. We see it in practice via the Social Security Administration and The Department of Labor. The National debt and inflation caused by the communal bank has caused the need for a two “income” family. Woman in the workplace since the 1920’s, the 19th amendment of the U.S. Constitution, the Civil Rights Act of 1964, assorted Socialist Unions, affirmative action, the Federal Public Works Program and of course Executive order 11000.

9. Combination of agriculture with manufacturing industries, gradual abolition of the distinction between town and country, by a more equitable distribution of population over the country.
Americans call it the Planning Reorganization act of 1949 , zoning (Title 17 1910-1990) and Super Corporate Farms, as well as Executive orders 11647, 11731 (ten regions) and Public “law” 89-136. These provide for forced relocations and forced sterilization programs, like in China.

10. Free education for all children in public schools. Abolition of children’s factory labor in its present form. Combination of education with industrial production.
Americans are being taxed to support what we call ‘public’ schools, but are actually “government force-tax-funded schools ” Even private schools are government regulated. The purpose is to train the young to work for the communal debt system. We also call it the Department of Education, the NEA and Outcome Based “Education” . These are used so that all children can be indoctrinated and inculcated with the government propaganda, like “majority rules”, and “pay your fair share”. WHERE are the words “fair share” in the Constitution, Bill of Rights or the Internal Revenue Code (Title 26)?? NO WHERE is “fair share” even suggested !! The philosophical concept of “fair share” comes from the Communist maxim, “From each according to their ability, to each according to their need! This concept is pure socialism. … America was made the greatest society by its private initiative WORK ETHIC … Teaching ourselves and others how to “fish” to be self sufficient and produce plenty of EXTRA commodities to if so desired could be shared with others who might be “needy”… Americans have always voluntarily been the MOST generous and charitable society on the planet.

Do changing words, change the end result? … By using different words, is it all of a sudden OK to ignore or violate the provisions or intent of the Constitution of the united States of America?????

The people (politicians) who believe in the SOCIALISTIC and COMMUNISTIC concepts, especially those who pass more and more laws implementing these slavery ideas, are traitors to their oath of office and to the Constitution of the united States of America… KNOW YOUR ENEMY …Remove the enemy from within and from among us.

VOTE LIBERTARIAN, the only political party in America that still firmly supports and diligently abides by the Constitution of the united States of America.

None are more hopelessly enslaved, as those who falsely believe they are free….http://www.libertyzone.com/Communist-Manifesto-Planks.html

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Pronk Pops Show 104, April 12, 2013: Segment 3: Friedrich August von Hayek: Fighting the Planners — The Road To Serfdom — A Profile in Liberty — Videos

Posted on April 11, 2013. Filed under: American History, Budgetary Policy, Business, Communications, Consitutional Law, Economics, Education, Employment, European History, Federal Government, Fiscal Policy, Foreign Policy, Government, Health Care Insurance, History, Illegal Immigration, Immigration, Investments, Labor Economics, Law, Legal Immigration, Monetary Policy, Philosophy, Politics, Private Sector Unions, Public Sector Unions, Regulation, Religion, Social Science, Success, Tax Policy, Technology, Unemployment, Unions, Videos, Violence, War, Wisdom | Tags: , , , , , , , |

Pronk Pops Show 104: April 12, 2013

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Segment 3: Friedrich August von Hayek: Fighting the Planners — The Road To Serfdom — A Profile in Liberty — Videos

Cover_TheRoadToSerfdom

Friedrich August von Hayek – Profile / Biography (1/4)

The Intellectual Portrait Series: The Life and Thought of Friedrich A. Hayek (Indianapolis: Liberty Fund, 2003)

Friedrich August von Hayek – Profile / Biography (2/4)

Friedrich August von Hayek – Profile / Biography (3/4)

Friedrich August von Hayek – Profile / Biography (4/4)

The Life & Thought of Friedrich Hayek

The Intellectual Portrait Series: The Life and Thought of Friedrich A. Hayek (Indianapolis: Liberty Fund, 2003)

The Road to Serfdom

Hayek on The Road to Serfdom

Inside the Hayek Equation: An Interview with Friedrich von Hayek

Hayek: Fighting the Planners part 1 of 4

Hayek: Fighting the Planners part 2 of 4

Hayek: Fighting the Planners part 3 of 4

Hayek: Fighting the Planners part 4 of 4

Milton Friedman on Hayek’s “Road to Serfdom” 1994 Interview 1 of 2

Milton Friedman on Hayek’s “Road to Serfdom” 1994 Interview 2 of 2

Hayek and Friedman: Head to Head | Roger W. Garrison

Glenn Beck -6/8/2010- The Road to Serfdom

Hayek, the Market Order and the Fatal Conceit

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Inside the Hayek Equation: An Interview with Friedrich von Hayek–Video

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Pronk Pops Show 104, April 8, 2013: Segment 0: Double Dip Recession Begins: The Ever Shrinking U.S. Labor Force Declined By 496,000!–Labor Participation Rate Declines .2% to 63.3% New Obama Low and Lowest Since Carter in May 1979! and Only 88,000 Nonfarm payroll Increase in March 2013 — U-7b Unemployment Rate Over 22%! — Videos

Pronk Pops Show 104, April 12, 2013, Segment 1: Beyond budget busting: spending addiction disorder bordering on fiscal insanity, part 1 — Videos

Pronk Pops Show 104, April 12, 2013, Segment 2: Conservative savior of UK’s economy, Margaret Thatcher dead at 87 — Videos

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Pronk Pops Show 104, April 12, 2013, Segment 2: Conservative savior of UK’s economy, Margaret Thatcher dead at 87 — Videos

Posted on April 11, 2013. Filed under: American History, Books, Budgetary Policy, Business, Climate Change, Communications, Consitutional Law, Culture, Economics, Employment, Energy, Federal Government, Fiscal Policy, Government, Government Spending, Health Care, Health Care Insurance, History, Housing, Illegal Immigration, Immigration, Investments, Labor Economics, Law, Legal Immigration, Media, Monetary Policy, Philosophy, Politics, Private Sector Unions, Public Sector Unions, Radio, Regulation, Resources, Social Science, Success, Tax Policy, Technology, Unemployment, Unions, Videos, Violence, War, Weapons, Wisdom | Tags: , , , , , , , , , , , , |

Pronk Pops Show 104: April 12, 2013

Pronk Pops Show 103: March 28, 2013

Pronk Pops Show 102: March 15, 2013

Pronk Pops Show 101: March 8, 2013

Pronk Pops Show 100: March 1, 2013

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Segment 2: Conservative savior of UK’s economy, Margaret Thatcher dead at 87 — Videos

Conservative savior of UK’s economy, Margaret Thatcher dead at 87

By Raymond Thomas Pronk

Margaret_Thatcher

“Some Socialists seem to believe that people should be numbers in a State computer. We believe they should be individuals. We are all unequal. No one, thank heavens, is like anyone else, however much the Socialists may pretend otherwise. We believe that everyone has the right to be unequal but to us every human being is equally important.”

~Margaret Thatcher, Speech to Conservative Party Conference, October 10, 1975

Ceremonial funeral services with military honors for Margaret Thatcher, former prime minister of the United Kingdom, known as Maggie to her friends and “the Iron Lady” to her opponents, will be held this Wednesday at St Paul’s Cathedral, according to Prime Minister David Cameron’s office.

Her legacy was to change her country’s dominant ideology from collectivist state socialism implemented in decades of Labour Party policies to an individualist market capitalism implemented in Conservative Party policies. In the process she returned the U.K. to eight years of economic growth and prosperity in the 1980s.

Thatcher supported President Ronald Reagan and the United States in defeating communism in the Soviet Union and winning the Cold War.

Thatcher had been in declining health for a number of years and died peacefully in her sleep the morning of April 8 following a stroke.

British Prime Minister David Cameron said of Thatcher, “As our first woman prime minister, Margaret Thatcher succeeded against all the odds and the real thing about Margaret Thatcher is that she didn’t just lead our country, she saved our country, and I believe she’ll go down as the greatest British peacetime prime minister.”

President Barack Obama said, “The world has lost one of the great champions of freedom and liberty and America has lost a true friend.” Obama said she had taught “our daughters that there is no glass ceiling that can’t be shattered.”

John Boehner, speaker of the house, said, “The greatest peacetime prime minister in British history is dead. Margaret Thatcher, a grocer’s daughter, stared down elites, union bosses and communists to win three consecutive elections, establish conservative principles in Western Europe and bring down the Iron Curtain. There was no secret to her values – hard work and personal responsibility – and no nonsense in her leadership.”

Nancy Reagan, widow of former President Ronald Reagan said: “Ronnie and Margaret were political soul mates, committed to freedom and resolved to end Communism. As Prime Minister, Margaret had the clear vision and strong determination to stand up for her beliefs at a time when so many were afraid to ‘rock the boat.’ As a result, she helped to bring about the collapse of the Soviet Union and the liberation of millions of people.”

In 1975 Thatcher was elected leader of the Conservative Party. She was subsequently elected prime minister of the United Kingdom on May 4, 1979. Thatcher served three terms from 1979 to 1990 becoming Britain’s longest-serving prime minister in over a century as well as the most dynamic, inspirational and controversial.

When Thatcher took office, the British economy was in shambles and in recession, inflation was rising and the government faced possible bankruptcy. This was a direct result of many years of Labour Party socialistic policies of out-of-control government spending, confiscatory taxation and the nationalization or state control of many industries including coal, steel, railways, gas, electricity, water, trucking, airlines and telecommunications.

The writings of Austrian economist and political philosopher, Friedrick A. Hayek, winner of the 1973 Nobel Prize in Economics, in particular his book, “The Road to Serfdom”, inspired and guided Thatcher’s economic policies.

Thatcher turned the economy around and made Britain governable again by taking on and taming the trade unions with labor reform legislation. No longer were the unions able to dictate the nation’s economic policies. Under Thatcher the British government pursued a policy of selling state assets with privatization of industry, thus reversing the Labour Party’s nationalization of industry.

When the Argentina government under the fascist junta invaded the British protectorate of the Falkland Islands in April 1982, she led the U.K. to victory. The Argentinians soon toppled the military junta.

In October 1984 there was an assassination attempt on her life when a hotel in Brighton where she and her husband and other members of her cabinet were staying was bombed by Irish Republican Army (IRA) terrorists.

Thatcher supported Reagan in opposing communism and confronting the “evil empire” of the Soviet Union. She was instrumental in the introduction of cruise missiles in Britain to counter the Soviet military threat. She allied the United Kingdom with the United States against the communist expansion and subversion in the West and the winning of the Cold War with the Soviet Union.

A concise biography of her life can be found at the Margaret Thatcher Foundation web site http://www.margaretthatcher.org/essential/biography.asp. An excellent critical biography is Claire Berlinsky’s “There is No Alternative: Why Thatcher Matters” and related interview on YouTube video titled, “Thatcher & More with Claire Berlinski.”

An excellent multi-part documentary about Thatcher produced in 2008 by the conservative paper, The Daily Telegraph, can be viewed on YouTube as well as an entertaining movie about her early political career titled, “Margaret Thatcher – The Long Walk to Finchley.”

Her husband of more than 50 years, Denis Thatcher, died in June 2003. She is survived by her twin son, Mark, and daughter, Carol, born in 1953.

Thatcher remains a controversial figure in Britain. She was loved and revered by many as well as loathed and reviled by some. She will be remembered by all who value economic freedom and individual liberty.

“Freedom to choose is something we take for granted—until it is in danger of being taken away. Socialist governments set out perpetually to restrict the area of choice, Conservative governments to increase it. We believe that you become a responsible citizen by making decisions yourself, not by having them made for you.”

~Margaret Thatcher, Speech to Conservative Party Conference, October 10, 1975

David Cameron’s Commons tribute to Margaret Thatcher in full

Margaret Thatcher – Falklands War – YouTube

MARGARET THATCHER – Pt 1 The Making of Margaret (Telegraph Documentary)

MARGARET THATCHER – Pt 2 The Falklands (Telegraph Documentary)

MARGARET THATCHER – Pt 3 World Stage (Telegraph Documentary)

MARGARET THATCHER – Pt 4 The Age of Dissent (Telegraph Documentary)

MARGARET THATCHER – Pt 5 Taking on the Unions (Telegraph Documentary)

MARGARET THATCHER – Pt 6 Public Image, Private Life. (Telegraph Documentary)

MARGARET THATCHER – Pt 7 The Fall (Telegraph Documentary)

MARGARET THATCHER – Pt 8 The Legacy (Telegraph Documentary)

Margaret Thatcher – The Long Walk To Finchley Full Movie

Thatcher: The Downing Street Years (1/4 BBC)

Thatcher: The Downing Street Years (2/4 BBC)

Thatcher: The Downing Street Years (3/4 BBC)

Thatcher: The Downing Street Years (4/4 BBC)

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Margaret Thatcher — Rest In Peace — Videos

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Friedrich August von Hayek: Fighting the Planners — The Road To Serfdom — A Profile in Liberty — Videos

Related Posts On Pronk Pops

Pronk Pops Show 104, April 8, 2013: Segment 0: Double Dip Recession Begins: The Ever Shrinking U.S. Labor Force Declined By 496,000!–Labor Participation Rate Declines .2% to 63.3% New Obama Low and Lowest Since Carter in May 1979! and Only 88,000 Nonfarm payroll Increase in March 2013 — U-7b Unemployment Rate Over 22%! — Videos

Pronk Pops Show 104, April 12, 2013, Segment 1: Beyond budget busting: spending addiction disorder bordering on fiscal insanity, part 1 — Videos

Pronk Pops Show 104, April 12, 2013: Segment 3: Friedrich August von Hayek: Fighting the Planners — The Road To Serfdom — A Profile in Liberty — Videos

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